The Global Carbon Nanotubes Market is estimated to reach USD 19.4 Billion by 2027 at a CAGR of 17.5%, predicts forencis research (FSR). Carbon nanotubes are cylindrical molecules that rolled up with the layers of carbon items. They can be single-walled or multi-wall structures with a diameter of 1nm and more than 100 nm respectively. Carbon nanotubes own high tensile strength which is approximately 100 times more than steel of the same diameter. The nanotubes also possess good electric as well as thermal conductivity. Carbon nanotubes are widely used in a variety of industrial applications such as electric & electronics, polymer, medicine, aerospace & defense, automotive, among others.
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Carbon Nanotubes Market: Drivers & Challenges
· Increasing Demand Form End-Use Industry
Carbon Nanotubes found innumerable applications in different end-use industries such as medical, electric & electronics, chemical & plastics, Energy and so on. The nanotubes noted the applications such as high-strength composites, actuators, energy storage, and energy conversion devices, sensors & nanoprobes, catalysts, and electronic devices. Thus growth in various industries as resulted in increasing demand for carbon nanotubes is expected to boost market growth during the forecast period.
· Attractive Chemical and Physical Properties
Many of the superior properties of the carbon nanotubes are derive from the graphene. Due to the SP2 bond between each carbon item, they have higher tensile strength than steel and Kevlar. Moreover, carbon nanotubes have a superior elastic property and thermal property. The carbon nanotubes can withstand up to 1382 °F at normal pressure and 5072 °F in vacuum atmospheric pressures. Due to attractive properties carbon nanotubes, it founds the number of application in industries which is likely to boost the market during the forecast period.
· High Manufacturing Cost
The carbon nanotubes are manufactured by the number of methods. The manufacturing methods are depending on the purity of carbon, achievable space‐time yield, and amorphous carbon content. Among them, high space‐time yield can only be achieved by Chemical Vapour Deposition processes. CVD process as also used when fewer contents available of amorphous carbon, carbon purity is generally decreased due to catalyst residues. Moreover, the laser ablation methods and arc discharge method produces the gram scale and are, therefore, relatively expensive. Thus the high manufacturing cost of carbon nanotubes is expected to impede the market growth up to a certain extent.
Carbon Nanotubes Market: Key Segments
· Key Segments by Type Covers: Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes
· Key Segments by Synthesis Method Covers: Chemical Vapour Deposition, Arc Discharge Method, Laser Ablation Method, Nanotube Purification, and Others
· Key Segments by Fit Application: Electric & Electronics, Chemicals & Polymers, Energy, Medical, Aerospace & Defense, and Others
· Key Regions Covers: North America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis.
Carbon Nanotubes Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Carbon Nanotubes Market, by Type
· Single-Walled Carbon Nanotubes
· Multi-Walled Carbon Nanotubes
Carbon Nanotubes Market, by Synthesis Method
· Chemical Vapour Deposition
· Arc Discharge Method
· Laser Ablation Method
· Nanotube Purification
Carbon Nanotubes Market, by Application
· Electric & Electronics
· Chemicals & Polymers
· Aerospace & Defense
Carbon Nanotubes Market, by Region
· South Korea
· Rest of Asia-Pacific
· North America
· Rest of Europe
· Middle East & Africa
· Saudi Arabia
· Rest of Middle East & Africa
· South America
· Rest of South America
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